ARBOR ARRANGES $1.26 MILLION LOAN FOR CONN. APARTMENT PROPERTY

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NEW HAVEN, CONN. — Arbor Commercial Funding has arranged $1.26 million in Fannie Mae DUS financing for Carriage Hills Apartments, a 22-unit multifamily property located in New Haven. The loan carries a 6.02 percent interest rate, a 10-year term and a 30-year amortization schedule. John Edwards of Arbor's Boston office originated the financing on behalf of the undisclosed borrower.

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